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Bangkok Post
Bangkok Post
Business

INSANE: Bam optimistic on joint ventures to manage bad assets | Rare Historical Photos

BAM SET AMC Bank of Thailand

SET-listed Bangkok Commercial Asset Management (BAM) is in talks with seven financial institutions to be potential partners and set up joint venture asset management companies (JV AMCs) under the Bank of Thailand's initiative to manage non-performing loans (NPLs) in the banking industry.

The seven potential partners comprise six commercial banks and one AMC.

BAM is in the process of applying for a JV AMC business licence from the central bank. It is awaiting the readiness of potential partners, said BAM chief executive Bundit Anantamongkol.

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